EXCLUSIVE! The A to Z of blacklisting
Neelam Mathews May 2, 2012 With the Tatra-BEML deal under the scanner, the time has come to ask some questions. Who gave Tatra the order and resold at a higher price? Will the government consider blacklisting BEML? If this were to happen, would other defense PSUs shudder? Ofcourse, what about the most obvious candidate- OFB in the case of six companies blacklisted in March? "We need to introspect a bit here and be clear on our policy objectives," an official told Aerospace Diary. "We cannot have one rule for government-associated companies and the other for the rest of the world." In March , the Ministry of Defense blacklisted six firms- Singapore Technologies Kinetics Ltd. (STK), Israel Military Industries Ltd. (IMI), Rheinmetall Air Defence (RAD), Zurich, Corporation Defence, Russia (CDR), TS Kisan., New Delhi and RK Machine Tools Ltd., Ludhiana - from further business dealings with the Ordnance Factory Board, Department of Defense Production, MoD, for ten ...